PFA Pension Forsikringsaktieselskab Acquires New Position in Western Digital Corporation $WDC

Key Points

• PFA Pension Forsikringsaktieselskab opened a new position in Western Digital by acquiring 280,053 shares worth about $49.3 million, representing roughly 0.08% ownership.
• Western Digital beat Q3 expectations (EPS $2.72 vs. $2.39; revenue $3.34B vs. $3.25B), raised FY‑Q4 guidance, and saw multiple analyst target increases as AI/data‑center demand boosts outlook (consensus rating: Moderate Buy; avg. target $389.74).
• Insiders have been net sellers recently, disposing of 92,711 shares (~$24.3 million) over the past quarter, including large individual sales by Director Matthew Massengill and Vidyadhara K. Gubbi.

PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 280,053 shares of the data storage provider's stock, valued at approximately $49,306,000. PFA Pension Forsikringsaktieselskab owned about 0.08% of Western Digital as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. ORG Partners LLC grew its position in Western Digital by 124.5% during the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider's stock valued at $25,000 after purchasing an additional 117 shares during the last quarter. Rakuten Securities Inc. grew its position in Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider's stock valued at $27,000 after purchasing an additional 407 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in Western Digital by 551.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider's stock valued at $29,000 after purchasing an additional 204 shares during the last quarter. Westfuller Advisors LLC purchased a new stake in Western Digital during the 3rd quarter valued at about $30,000. Finally, Avion Wealth grew its position in Western Digital by 163.8% during the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider's stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Western Digital

In other Western Digital news, Director Matthew E. Massengill sold 36,926 shares of the firm's stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $260.43, for a total transaction of $9,616,638.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of the firm's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $270.31, for a total transaction of $2,743,105.88. Following the sale, the insider owned 107,794 shares in the company, valued at approximately $29,137,796.14. The trade was a 8.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 92,711 shares of company stock worth $24,300,404 over the last quarter. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Evercore reissued an "outperform" rating and set a $500.00 price objective on shares of Western Digital in a research report on Friday. Cantor Fitzgerald set a $660.00 price target on shares of Western Digital in a report on Friday. Argus set a $300.00 price target on shares of Western Digital in a report on Tuesday, February 3rd. Zacks Research downgraded shares of Western Digital from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 31st. Finally, Truist Financial set a $310.00 price target on shares of Western Digital in a report on Tuesday, February 3rd. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $389.74.

More Western Digital News

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: WDC beat expectations: Q3 EPS $2.72 and revenue $3.34B, both above consensus, and management raised FY‑Q4 guidance (EPS and revenue) — this underpins the bullish case for continued AI/cloud storage demand. Earnings & press materials
• Positive Sentiment: Multiple analyst upgrades/target raises followed the quarter — Citi hiked its target to $500 (Buy) citing stronger visibility into AI-driven HDD demand, lifting investor optimism. Citi raises target to $500
• Positive Sentiment: Other firms (Rosenblatt, TD Cowen and others) boosted targets or reiterated Buy as AI/data‑center demand drives margin expansion and share‑buyback capacity; the company also announced a quarterly dividend increase, signalling confidence in cash flow.
• Neutral Sentiment: Industry signal — peers (SanDisk/Seagate) also reported strong results and demand commentary, confirming sector‑wide AI storage tailwinds but raising questions about how much of that is already priced in. Reuters: sector demand
• Negative Sentiment: Market reaction was mixed — the stock slipped after the beat as some traders engaged in “buy the rumor, sell the news” profit‑taking following an enormous YTD run; elevated expectations mean strong results may not produce further immediate upside. Yahoo: stock falls despite beat
• Negative Sentiment: Not all analyst moves are bullish: UBS raised its target to $375 but kept a Neutral rating — that level implies downside from current prices and provides a near‑term anchor for traders focused on risk management. Benzinga: UBS target

Western Digital Price Performance

Shares of NASDAQ:WDC opened at $432.03 on Friday. The firm's 50 day moving average price is $314.33 and its 200-day moving average price is $233.99. Western Digital Corporation has a twelve month low of $43.60 and a twelve month high of $446.62. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $146.48 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 0.90 and a beta of 2.10.

Western Digital (NASDAQ:WDC - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.33. Western Digital had a net margin of 55.29% and a return on equity of 49.24%. The firm had revenue of $3.34 billion for the quarter, compared to analysts' expectations of $3.25 billion. During the same quarter in the prior year, the business earned $1.36 EPS. The business's quarterly revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities research analysts expect that Western Digital Corporation will post 8.68 EPS for the current year.

Western Digital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be paid a $0.15 dividend. This is a boost from Western Digital's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital's dividend payout ratio (DPR) is currently 2.99%.

Western Digital Company Profile

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.

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